You must put money in before you can take it out.

Post on 24-Feb-2016

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You must put money in before you can take it out. . Income. Wages Salaries Tips Commissions Entrepreneurship Business earnings. Investment earnings Government payments Grants Royalties inheritances. Wages, Salaries, Tips and Commissions. Wages: hourly rate - PowerPoint PPT Presentation

Transcript of You must put money in before you can take it out.

YOU MUST PUT MONEY IN BEFORE YOU CAN TAKE IT OUT.

Income• Wages• Salaries• Tips• Commissions• Entrepreneurship• Business earnings

• Investment earnings• Government payments• Grants• Royalties• inheritances

Wages, Salaries, Tips and Commissions

• Wages: hourly rate• Salary: set amount each month• Tip: voluntary payment that a customer makes to the

employee• Commission: percentage of the total dollar amount that

the employee sold

Entrepreneurship, or Business Earnings

• Entrepreneur: someone who starts their own business, joins a family businees, or buy someone else’s business

• Sole proprietorship: if you are the only owner• Partnership: co-owner, have partners• Corporation: owned by a group of stockholders

Government Payments• Financial aid for students• Social security• Medicare• Medicaid• Unemployment benefits• Aid to dependent children

Where does this money come from?

Your Identity

• Up to this point you have been a student. • As an adult, people ask

you what you do, and that is attached to your identity.

Choosing a Career 1. Daydream2. Make a thorough self-assessment3. Gather career information4. Set a realistic career goal5. Make a decision 6. Outline a plan of action

Finding and Applying for a Job • Obtaining Job Leads

• Networking• Professional and Trade Organizations• Job/Careers Fairs• Traditional Sources

• Newspaper ads• Employement agencies• Cold contact/direct mail

• Searching the internet• Head Hunters

Applying for a Job• Job Application Forms • Resume• Be careful in Providing Personal Information• Cover Letters

Interviewing • Make a good Impression

• Dress appropriately• Go alone• Smile and make eye contact• Answer questions thoughtfully• Handle illegal questions intelligently• Ask good questions• When it’s over, go!• Write a thank you letter

Other items • Pre-employment testing

• Test abilities• Credit score